L G & W Federal Credit Union
Headquarters
1616 Whitten Rd
Memphis, TN 38134
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2025 Overview
General Credit Union Information
L G & W is an NCUA insured institution located in Memphis, TN. It was founded in 1940 and has approximately $111.29 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 3796 |
| Date Established | 1940 |
| Assets | $111.29 million |
| Loans | $32.61 million |
| Deposits | $88.39 million |
| Capital | $24.04 million |
Field of Membership Restrictions
Membership is open to employees of Memphis, Light, Gas & Water and their immediate family.
Deposit Rates - December 14, 2025
Your Current Location: New York, NY 10116
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.55% | $1 | $499 | Learn More |
Loan Rates - December 14, 2025
Your Current Location: New York, NY 10116
There are currently no loan rates available for L G & W
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - New York 30 Year Fixed Mortgage Rates 2025
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1907 |
0.000% | 0.000% | 0.00 | $0 | $0 | Learn More |
NMLS ID: 292473 |
5.872% | 5.750% | 0.75 | $4,277 | $1,868 | Learn More |
NMLS ID: 3030 |
Learn More |
Featured - New York Home Equity Line Of Credit Rates 2025
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
PenFed Credit Union See Table |
0.000 %
|
$0 |
Learn More
More Info |
Figure Home Equity See Table |
Intro APR 6.850 % After Intro: 6.850 % |
$15,000 |
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More Info |
Third Federal Savings and Loan See Table |
Intro APR 6.990 % After Intro: 6.990 % |
$0 |
Learn More
More Info |
Note to L G & W
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are L G & W branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
New York City,New York
L G & W Locations around zip code 10116
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 922.30 | A | View Lobby Hours | |
| 928.45 | B | View Lobby Hours |
Climate Policy and Initiatives
L G & W is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
L G & W Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of L G & W. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| L G & W | U.S. Average |
|---|---|
| 0.44% | 5.63 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2025, L G & W had $100,359 in non-current loans and $7,450 in owned assets. To cover these potential losses it had $24,044,293 in net worth and $283,615 in loans loss reserves. That gives it a Texas Ratio of 0.44%.
Net Worth
| L G & W | U.S. Average |
|---|---|
| 21.61% | 14.29% |
L G & W FCU has a net worth of 21.61% versus the BestCashCow average of 14.29. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for L G & W
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